IoTium Acquired by View
Bowen Serves as Strategic Advisor to IoTium
BOSTON, September 22, 2021 – Bowen is pleased to announce that IoTium, a pioneer in secure edge-cloud infrastructure for operational technology (OT) and industrial IoT, has been acquired by View (Nasdaq: VIEW), the leader in smart windows and connected window controls. Bowen acted as the exclusive sellside M&A advisor to IoTium in this transaction.
Headquartered in Silicon Valley, IoTium provides a cloud-delivered, secure access service edge (SASE) solution specifically designed for OT. Combining networking, such as SD-WAN and firewall, with edge computing and unified security, IoTium provides a fundamentally better way to connect buildings and industrial systems and to deliver new applications like digital twinning.
“Across the board, enterprises are looking to streamline and implement data-driven operations. OT is no exception,” said Bill Rich, Managing Director at Bowen. “Automated connectivity, security, edge computing and machine learning are cornerstones of these forward looking business models. Companies like IoTium, which marks Bowen’s 5th OT sellside transaction, continue to attract the attention of major strategic acquirers.”
Click here for View’s press release.